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Ohio Police & Fire sets real assets, real estate plans for 2024
JANUARY 26, 2024

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Ohio Police & Fire sets real assets, real estate plans for 2024

by Lewis Dayton

The Ohio Police & Fire Pension Fund (OP&F), with $17.43 billion of assets under management, has approved 2024 plans for its real assets and real estate portfolios.

OP&F is targeting to make between $165 million and $265 million of commitments within real assets in 2024, with a specific focus on infrastructure investments.

As of Dec. 31, 5.95 percent ($1.05 billion) of OP&F’s total portfolio was invested in real assets, below the pension fund’s 8.0 percent target for the asset class.

The real estate portfolio is aiming to make between $225 million and $275 million of commitments in 2024, with all commitments expected to be within the enhanced return opportunities portion of the real estate portfolio.

OP&F’s real estate investments made up 10.6 percent ($1.87 billion) of its total portfolio as of Dec. 31, slightly below the 12 percent target OP&F has set for the asset class.

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